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Surge Copper Corp
Symbol SURG
Shares Issued 80,923,309
Close 2020-12-11 C$ 0.70
Recent Sedar Documents

Surge Copper drills 700 m of 0.51% CuEq at Ootsa

2020-12-14 07:27 ET - News Release

Mr. Shane Ebert reports

SURGE COPPER DRILLS 0.51% COPPER EQUIVALENT OVER 700 METRES AT OOTSA INCLUDING 0.60% COPPER EQUIVALENT OVER 422 METRES

Surge Copper Corp. has released assay results for drill hole S20-219 from the company's 100-per-cent-owned Ootsa property in British Columbia.

A 10,000-metre drill program is currently under way along the gold-rich Seel trend at Ootsa. One drill is focused on testing the expansion and near-deposit exploration potential at the East and West Seel porphyry Cu-Au (copper-gold) deposits, the second is testing new exploration targets.

Highlights:

  • Hole S20-219, drilled at the West Seel deposit, returned 0.51 per cent copper equivalent over 700 metres including 0.60 per cent copper equivalent over 422 metres.
  • Hole S20-219 intersected the longest continuously mineralized interval drilled at the Ootsa property to date with mineralization starting at the top of bedrock at 15 m depth and extending continuously to the end of the hole at 1,028 m depth returning 0.42 per cent copper equivalent over 1,013 metres.
  • A higher-grade zone returning 0.76 per cent copper equivalent over 110 metres was encountered between 436 and 546 m depth.
  • The results demonstrate a large and robust mineralizing system at West Seel with a significant high-grade core.

Hole S20-219

Hole S20-219 was drilled at the West Seel deposit at an azimuth of 208 degrees and a dip of minus 50 degrees to a total depth of 1,028 metres. The hole successfully tested a 200-metre-by-200-metre zone at surface with limited drill data before passing through 600 metres of the known deposit, then extended known mineralization roughly 228 metres downdip to the southwest.

Hole S20-219 represents the longest continuous zone of mineralization drilled to date on the Ootsa property and the best hole on a copper-equivalent-grade-times-thickness basis. Assay results for hole S20-219 are summarized in the associated table.

                        SUMMARY OF ASSAY RESULTS FOR HOLE S20-219
  
Drill hole         From             To    Width*   CuEq**     Cu     Au      Mo        Ag
                    (m)            (m)       (m)      (%)    (%)  (g/t)     (%)     (g/t)

S20-219            15.0  1,028.0 (EOH)   1,013.0     0.42   0.20   0.13   0.025       2.9
including         204.0          904.0     700.0     0.51   0.23   0.16   0.031       3.1
including         294.0          716.0     422.0     0.60   0.25   0.20   0.042       3.3
including         436.0          546.0     110.0     0.76   0.33   0.20   0.061       4.8
including         476.0          544.0      68.0     0.82   0.35   0.21   0.070       5.1

* Width refers to drill hole intercepts; true widths have not been 
determined. 
** CuEq (copper equivalent) has been used to express the combined value 
of copper, molybdenum, gold and silver as a percentage of copper, and is 
provided for illustrative purposes only. No allowances have been made 
for recovery losses that may occur should mining eventually result.  
Calculations use metal prices of $3 (U.S.)/pound copper, $1,800 (U.S.)/ounce 
gold, $22 (U.S.)/oz silver and $10 (U.S.)/lb molybdenum using the formula 
CuEq per cent equals Cu per cent plus (Au g/t time 0.877) plus (Ag g/t times 
0.0107) plus (Mo per cent times 3.33).
  

Dr. Shane Ebert, chief executive officer of Surge, commented: "The results from hole S20-219 highlight the scale and grade of the West Seel system, which could lead to material increase to the current NI 43-101 resource estimate, and eventually lead to combining the East and West Seel conceptual pit designs into one very large conceptual pit. The hole has extended mineralization both near surface to the northeast, and at depth to southwest. This is a great start to our deposit expansion drill program. The West Seel deposit is known to contain a sizable high-grade core to the system, especially compared to operating B.C. porphyry mines, and understanding and fully defining that high-grade zone and the larger deposit outline is a key objective of the current program."

Drill program update

Two drills are active on the property and seven diamond drill holes have been completed, processed and submitted to the lab for assay. Hole S20-226 is currently in progress at West Seel. Hole S20-225 is currently in progress testing the West target.

Quality control

All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is bagged and sent to Activation Laboratories Ltd. in Kamloops, B.C., for analysis (which is ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 17025 accredited), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed using a 30 g fire assay method and 37 additional elements are analyzed by induced coupled plasma (ICP) utilizing a four-acid digestion. Duplicate samples, blanks and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.

About Surge Copper Corp.

The company owns a 100-per-cent interest in the Ootsa property, an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open-pit Huckleberry copper mine, owned by Imperial Metals. The Ootsa property contains pit-constrained National Instrument 43-101-compliant resources of copper, gold, molybdenum and silver in the measured and indicated categories. There are two drills working at the project with drilling focused on defining the extent of the large West Seel deposit and testing new targets along the Seel trend.

Dr. Shane Ebert, PGeo, is the qualified person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

We seek Safe Harbor.

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